April 13 (Bloomberg) -- Greece’s auction of Treasury bills drew stronger demand than at a previous sale as yields more than doubled in the first offering of debt since the nation won a pledge of aid from the European Union.The bad news is, the Greeks just borrowed more money. In all non-snarkiness, this is exactly what they needed to execute their plan. As I understand it, the idea is for the rest of the Euro nations to lend them money while they get their house in order.
Tuesday, April 13, 2010
Good News for Greece!
The wolf has been kicked away from the door.
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